Foreclosures are still on the rise in Washington State and in the Seattle area, according to the Seattle Times. Washington state foreclosure filings were up 69 percent last month compared with the previous June and up almost 10 percent from May, as the mortgage meltdown continues despite government and private efforts to help struggling homeowners….
Author: The Tim
Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.
Localism – Hyper Local Real Estate Sales Pitches
ActiveRain, a site that describes itself as “a free online community for real estate professionals designed to help them promote and grow their business,” has launched a new site called Localism. Localism describes itself as the “world’s most complete neighborpedia,” and the front page invites users to “Go Hyper Local!” It is the latest entrant…
June Reporting Roundup
This month’s theme is “let’s scare fence-sitters by telling them that rising interest rates will eliminate any savings from falling home prices.” Let’s see how well our local papers do at driving this point home. Read on for the this month’s roundup…
NWMLS: Sales, Prices Bump Up Ever So Slightly in June
It’s time for NWMLS June statistics. Here’s the NWMLS press release: Housing Market Becoming More Balanced as Sales Climb to Highest Level in 10 Months. Here is your summary along with the usual graphs and other updates. Here’s your King County SFH summary: June 2008 Active Listings: up 25% YOY Pending Sales: down 27% YOY…
Beating a Dead Horse: Gas Prices
I realized we have beat the subject to death with a pair of posts and this week’s poll, but I had to at least point out a Rhodes piece in today’s Seattle Times on the issue of gas prices and home buying patterns: Will gas prices drive homebuyers away from suburbs? The article starts off…